Gold rose over 1% on Monday, recovering from a nine-and-a-half-month low in the previous session, as the US dollar extended losses after touching a 14-year highs touched last week.

"A slightly weaker US dollar saw gold prices recover some of the losses achieved earlier in the week. Buying also emerged as prices hit a key technical level," ANZ analysts said in a note.

Spot gold was up 1.05% at $1,195.26 an ounce by 0252 GMT. The metal marked its lowest since February 8 at $1,171.21 per ounce in the previous session.

US gold futures rose 1.43% to $1,195.20 per ounce.

The dollar index, which measures the greenback against a basket of currencies, was down 0.76% at 100.720, after slipping 0.2% in the previous session, as US Treasury yields eased from recent peaks.

The metal has fallen about 7% so far this month on the back of a strong US dollar and surging bond yields as investors bet that US President-elect Donald Trump`s policies would spur growth and inflation.